Docebo announces IPO in the U.S. and public offering in Canada

Docebo announced the launch of a marketed public offering of Docebo's common shares in the United States and Canada, representing Docebo's initial public offering in the United States. In connection with the initial public offering in the United States, Docebo has filed an application to list its common shares on The Nasdaq Global Select Market under the ticker "DCBO". Trading of Docebo's common shares is expected to commence on the Nasdaq following pricing of the offering. Docebo's common shares will continue to trade on the Toronto Stock Exchange under the symbol "DCBO". A total of $125M of common shares will be offered by Docebo for sale in the offering, which will be conducted through a syndicate of underwriters led by Morgan Stanley, Goldman Sachs & Co. LLC and Canaccord Genuity, as joint lead book-running managers. The offering will be priced in the context of the market, with the price and total size of the offering to be determined at the time of entering into an underwriting agreement for the offering.Docebo will also grant the underwriters an over-allotment option, exercisable for a period of 30 days from the date of the Underwriting Agreement, to purchase up to $18.75M of additional common shares, representing in the aggregate 15% of the total number of common shares to be sold pursuant to the offering. Docebo expects that the net proceeds of the offering will be used primarily to strengthen the company's financial position and allow it to pursue its growth strategies, which include: expanding its customer base; supporting the growth of existing customers; expanding its solutions; and other general corporate purposes.